Money Management: Create a Finance Calendar
A personal finance calendar is a schedule of your income, expenses, critical financial deadlines, and events. By using a personal finance calendar, you can plan for your financial goals, avoid missing payments or fees and track your progress over time. It’s one of the best tools available for managing your money.
Finance calendars can be especially useful when preparing for big expenditures, such as paying taxes or holiday shopping. For example, you can estimate how much you will owe in taxes and set aside money each month to avoid a large bill in April. You can also save up for holiday gifts and expenses by allocating a portion of your income to a separate account or envelope. This way, you can enjoy the festive season without going into debt or overspending.
To create a personal finance calendar, you can use a paper planner, a spreadsheet or an app. The key is to make it easy to access and update your calendar regularly. You should include the following information in your personal finance calendar:
- Your monthly income, including salary, bonuses, dividends, interest, etc.
Your fixed expenses, such as rent, mortgage, utilities, insurance, etc.
- Your variable expenses, such as groceries, entertainment, clothing, etc.
- Your savings and investment goals, such as retirement, emergency fund, vacation fund, etc.
- Your debt payments, such as credit cards, student loans, car loans, etc.
- Your financial deadlines and events, such as due dates for taxes, bills, birthdays, anniversaries, etc.
Once you have your personal finance calendar set up, you should review it at least once a month and make adjustments as needed. You should also compare it with your bank statements and receipts to make sure you’re on track with your budget. A personal finance calendar can help you stay organized and motivated when managing your money.
You can learn more about managing money on our Consumer webpages at https://www.oklahomamoneymatters.org/Consumers/Success.shtml.
OKMM offers these Spanish publications to help adults and students manage their finances:
El guía de cuestiones de dinero – Educación en el lugar de trabajo para adultos (bajar PDF) -Ayuda a los adultos a aprender a administrar sus finanzas y creación de riquezas.
Your Money Matters Guide – Workplace Education, Adults (download PDF) – Helps adults learn to manage their finances and build wealth.
El guía de cuestiones de dinero – Adultos con recursos bajos (bajar PDF) - Destaca formas ractices para los adultos para administrar su dinero, incluso si han llegado a un punto de crisis.
Your Money Matters Guide – Low Resourced Adults (download PDF) – Highlights practical ways for adults to manage their money, even if they have reached a crisis point.
Pida Préstamos Estudiantiles De Manera Inteligente Desde El Principio (bajar PDF) -Destaca los pasos importantes que se deben tomar y los consejos que se deben tener en cuenta para ayudar a los estudiantes a tomar prestado de manera inteligente desde el principio.
Borrow Smart from the Start (download PDF) – Highlights important steps to take and tips to consider to help students borrow smart from the start.
Mark your calendars for upcoming OKMM 'Make It Count' webinars on the third Tuesday of every month. Join us, Tuesday, February 20, at noon as we discuss how to protect your assets while pursuing your happily ever after. Register to attend here:
We offer webinars for educators, students, and parents on budgeting, saving, credit, and more. If you want to schedule a webinar, complete our workshop form, and we'll contact you to plan the details.
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